44 Guangdong Firms Enter China Top 500

The 2008 Top 500 Chinese enterprises list was released by the China Enterprise Confederation on Aug. 30. With revenue exceeding 1.2 trillion yuan, Sinopec Corp tops the list again this year, which is followed by the State Grid and PetroChina Company.

According to the report, the total revenue of the top 500 Chinese enterprises reached 2.99 trillion U.S. dollars (1 dollar= 7.3046 yuan, calculated under the exchange rate in 2007), profits 188.4 billion U.S.dollars and assets 8.17 trillion U.S. dollars.

The top 500 companies paid taxes of 1.74 trillion yuan, accounting for 35.2 percent of the national tax revenue.

Province & Area	Numbers of Top 500 enterprises
Beijing	94
Jiangsu	55
Guangdong	44
Zhejiang	43
Shanghai	29

Top 10 enterprises in the Top 500 list (2008)
1	Sinopec Corp 中国石油化工集团公司
2	State Grid 国家电网公司
3	PetroChina 中国石油天然气集团公司
4	Industrial and Commercial Bank of China 中国工商银行股份有限公司
5	China Mobile 中国移动通信集团公司
6	China Life Insurance Company 中国人寿保险（集团）公司
7	China Construction Bank 中国建设银行股份有限公司
8	China Bank 中国银行
9	Agricultural Bank of China 中国农业银行
10	China Southern Power Grid 中国南方电网有限责任公司

 (By Zhu Yanshan)

Source: Lifeofguangzhou / Xinhua

Editor: Jessie Hwang